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The bad news comes from the overbought/oversold indicators again as we head into March. The oversold condition that existed at the beginning of 2016 has been completely exhausted due to the post-election rally. This leaves little ability for a significant rally from current levels and makes a substantial push higher unlikely.
As stated above, with the Fed on deck to raise rates, Geo-political election risk as the Eurozone seemingly continues to break apart, and the debt-ceiling hitting its limit all at mid-month, being a bit more cautious temporarily may well pay off.
Perhaps we are long past the point of an organic, “real” economy. Instead, autotrading and artificial intelligence appears to be auto-investing into the stock market and other parts of the economy in order to keep it afloat. Meanwhile, the individual will be increasingly barred from using cash, and forced onto a digital, tracking system. Basically, everything is rigged, and we are at the mercy of a more organized, data-loving computer.
High frequency trading – done in milliseconds by computers working on behalf of quasi-anonymous, dark pool investors – has already outpaced any/all human trading, certainly for the average schmo.
Things are not what they seem; it isn’t your granddaddy’s financial market.
Real money no longer exists, and the rest of us are trapped inside of a system of debt slavery, fake news and bad info, and rule by fake money.
The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power.” The last sentence states, “Pencil in the phoenix for around 2018, and welcome it when it comes.”